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Showing posts with the label anticipated

Nifty Anticipated Happened and double correction

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 Nifty hourly chart anticipated on 29th March 2021 Nifty hourly chart happened on 8th April 2021 In my previous update on 29th March about Nifty, I had mentioned, " Nifty has a strong support at 14100-14000 levels, as far as it is intact prices are likely to soar till 14800-15000 price range in short term." The index bounced from the support and achieved my level of 14800-15000 levels as it marked a high of 14986- Anticipated Happened. Here is the link of my previous article on Nifty where I had anticipated the rise, click on the link to view the article. https://www.marketanalysiswithmeghmody.com/2021/03/nifty-elliott-wave-analysis_29.html It is very clear that prices are moving in double correction pattern (a-b-c-x-a-b-c), it completed wave x an has started moving down in form of wave a (second correction). Wave a is still ongoing and can tumble near to 14000-13800 price range. Learning Elliott Wave is difficult but practicing with learning is a simple but efficient process

MCX Zinc Anticipated Happened and Elliott Wave Analysis

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 MCX Zinc hourly continuous chart anticipated on 21st March 2021 MCX Zinc hourly continuous chart anticipate happened on 8th April 2021 In my previous update on MCX Zinc dated 21st March 2021, I had mentioned, " MCX Zinc is positively poised and can move till 230-232 levels over short term with support placed at 214 on closing basis." Zinc failed to move below 214 levels and continues to soar there by achieving the level of 230-232, thus gaining 5% in fortnight. Here is the link of my previous article on Zinc, click on it https://www.marketanalysiswithmeghmody.com/2021/03/mcx-zinc-elliott-wave-analysis.html At present, prices are moving in wave c which is impulse in nature in which it is moving in wave iii. It has also reached 78.6% of the previous fall. After that wave iv and wave v up is still pending. Elliott Wave is difficult but with practice it will make you professional from a novice trader/analyst. Learn from me how to make practical application on different charts. T

MCX Copper Anticipated Happened

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 MCX Copper hourly continuous contract anticipated on 21st Mar 2021 MCX Copper hourly continuous contract happened on 5th April 2021 In my previous update about MCX Copper, I had mentioned that, The red metal can move up till 690 levels in the form of wave a of wave b. it achieved the mentioned level on 5th April- Anticipated Happened. Here is the link of my previous article about MCX Copper, click to read it https://www.marketanalysiswithmeghmody.com/2021/03/mcx-copper-anticipated-happened-and.html After completing the first correction (a-b-c) which I have marked wave a at one higher degree, the other possibility I am opening is wave x on higher side.  In the second scenario, I am opening wave b up in which wave a has still some room. one it is down wave b of wave b will come down followed by wave c of wave b which can go till 80-100% of wave a of one higher degree. I will monitor the movement in this counter and will updates about it as it moves down to form wave b. If it retraces mo

MCX Copper Anticipated Happened and Elliott Wave Analysis

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 MCX Copper hourly continuous chart anticipated on 13th Mar 2021 MCX Copper hourly continuous chart happened on 19th Mar 2021 In my previous update dated 13th Mar 2021, I had mentioned for MCX Copper, " MCX Copper can move down till 660 levels once the level of 674 is broken accelerating selling pressure. Failure to protect the level of 687 will open positive possibilities." Prices slumped till 660 levels marking a low of 659 on the last trading day of the week once the level of 674 was broken. Anticipated Happened To read the previous article on MCX Copper here is the link https://www.marketanalysiswithmeghmody.com/2021/03/mcx-copper-elliott-wave-analysis.html Now since it has completed wave a-b-c pattern it is now clear that the red metal will travel north o form another pattern. This means the first correction fallen from the highs was wave a at one higher degree, so now wave b will start or  might have started which can soar prices. So wave a of wave b can move up  till 6

Nifty Anticipated Happened and Elliott Wave Analysis

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 Nifty hourly chart anticipated on 13th March 2021 Nifty hourly chart happened on 19th March 2021 On my previous update mentioned on 13th March 2021, I had mentioned for Nifty, " Nifty is all poised to move down once the level of 14900 is broken which can drag prices till 14400-14300 price zone." Nifty after breaking 14900 stumbled till 14350 levels which was marked on 19th March and was also the mentioned level falling in the price zone of 14400-14350 levels. Anticipated Happened For reading the previous article on Nifty, click on the link https://www.marketanalysiswithmeghmody.com/2021/03/nifty-elliott-wave-analysis.html Nifty is now moving in a falling channel and it has shown signs of reversal from the support of the channel and also the falling trend line which was acting as a cruical resistance is broken which opens positive possibilities. This states that the index can move higher from current levels near till 15100-15200 levels where the resistance of the channel is p

Tata Steel Anticipated Happened and Elliott Wave Analysis

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 Tata Steel hourly chart anticipated on 6th Feb 2021 Tata Steel hourly chart happened on 1st Mar 2021 In my previous update I had mentioned about Tata Steel is, " Tata Steel is moving in a positive territory and can reach till 735-745 price zone going ahead with support at 640 (closing basis)." This article was written when the price was quoting at 685 and it reached my mentioned level of 735-745 thus gaining 9%- Anticipated Happened. To now about my previous article on Tata Steel, click on the link https://www.marketanalysiswithmeghmody.com/2021/02/tata-steel-elliott-wave-analysis.html As of now it is trading in wave 5 in which it is moving in wave iii of wave 5 and then it will move down to complete wave iv of wave 5 and then final leg of the impulse. So there is still room for prices to move higher from current levels. Wave theory is difficult to interpret and more difficult to practically apply, learn with me in my one month webinar and start practicing in my webinar. The

Motherson Sumi Anticipated Happened

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 Motherson Sumi hourly chart anticipated on 22nd Feb 2021 Motherson Sumi hourly chart happened on 3rd March 2021 In my earlier update dated on 22nd Feb 2021, I had mentioned that, " Motherson Sumi is all set to surge towards 235-238 levels over short to medium term with supports placed at 204-200 levels (closing basis)." Prices found support near to 204 levels and started picking up momentum and moved sideways in the range of 225-210 levels. Thereafter it broke the range and achieved my mentioned level of 235-238- Anticipated Happened. Here is the link of my previous article on Motherson Sumi which I had anticipated, click on the link https://www.marketanalysiswithmeghmody.com/2021/02/motherson-sumi-elliott-wave-analysis.html It is not easy to practically apply Wave counts on charts, but you can learn with me in my on month webinar. It will not only be theory but also how to mark wave counts on different charts and its time frame. Then details of the course is mentioned below

SBIN Anticipated Happened

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 SBIN hourly chart anticipated on 14th Feb 2021 SBIN hourly chart happened on 18th Feb 2021 In my previous update on SBIN  dated 14th February, I had mentioned that, " SBIN is set to conquer 417-420 levels provided the level of 386 is intact on the downside. Any move below 386 will negate the triangle pattern, and it will open other corrective patterns."- Anticipated Happened. Prices marked a high of 429 levels, thereby achieving my mentioned level of 417-420 levels. Here is the link of my previous article of SBIN dated 14th Feb. Click on the link https://www.marketanalysiswithmeghmody.com/2021/02/sbin-elliott-wave-analysis.html It is difficult to place manual wave counts without knowing the theory. You can learn the theory along with practical applications of Wave Analysis. It will be a one month webinar and the details are mentioned below. Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will be conducted every twice in

JPYINR anticipated happened

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 JPYINR hourly chart anticipated 12th Sep 2020 JPYINR hourly chart happened 4th Nov 2020 In my previous update on JPYINR dated 12th Sep 2020, I had mentioned that, " JPYINR is all set to surge till 70.8-71.2 levels over short term any move above 72 will surpass 73 levels over medium term. The support will be at 68.5 (closing basis)." Prices as on 6th Nov is trading at 71.6 levels thereby achieving my mentioned level of 70.8-71.2 levels. I will be keenly observing this pair if it surpass 72 levels which will open further positive possibilities as mentioned above- Anticipated Happened. Here is the link of my previous article on JPYNR, click on the link to read https://www.marketanalysiswithmeghmody.com/2020/09/jpyinr-elliott-wave-analysis.html Elliott Wave theory is easy to learn but as it is more difficult to put in practice, learn with me in my one month webinar where I cover Elliott Wave and Neo Wave with practical applications. Further details are mentioned below. Elliott a

Nifty anticipated happened

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 Nifty hourly chart anticipated on 1st Nov 2020 Nifty hourly chart happened on 5th Nov 2020 In my previous update dated 1st Nov, I had mentioned for Nifty, "S eries of events are lined up from presidential elections in US to domestic elections in India, volatility is likely to stay in coming week. It is important to stay cautiously positive for the index with strict stop loss as the index is likely to climb till 12100-12130 levels as mentioned earlier." Nifty made a high of 12100 in the early hours of trade in first weekly expiry of November series thus achieving my mentioned level- Anticipated Happened. Here is the link of the previous article on Nifty, click on it to read https://www.marketanalysiswithmeghmody.com/2020/11/nifty-elliott-wave-analysis.html Learning Elliott Wave and practically implementing s way too difficult, but in my one month webinar starting from 7th November, you can learn the theory and implement on the different asset class  with me. For further detai

Nifty Bank anticipated happened

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 Nifty Bank hourly chart anticipated on 10th October 2020 Nifty Bank hourly chart happened on 3rd Nov 2020 In my previous update dated on 10th October 2020, I had mentioned," Nifty Bank is all set to move till 25100-25300 price range in near term with support at 22400 (closing basis)." The Index made a surpassed the second target of 25300 thus achieving it- Anticipated Happened. The previous article link is shared, click in it to read https://www.marketanalysiswithmeghmody.com/2020/10/nifty-bank-elliott-wave-analysis.html Now many believe that the current rally in the broader markets is due to ongoing Presidential elections in US. Many also believe that if Mr. Donald Trump wins again, global equities will continue to soar. By using Elliott Wave I predicted the rally in Nifty Bank almost one month ago (link shared above). By using advance technical analysis, a firm view will be open for the trades and investors well ahead of an event. You can learn Elliott Wave and Neo Wave wi

Tata Steel Anticipated Happened

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 Tata steel hourly chart anticipated on 10th October 2020 Tata steel hourly chart happened on 16th October 2020 In my previous update on Tata Steel I had mentioned that, " TATA Steel can move up near to 390-400 price range in near term with support at 361 (closing basis)." To read the previous article of Tata Steel, click on the link https://www.marketanalysiswithmeghmody.com/2020/10/tata-steel-elliott-wave-analysis.html Prices on 16th October 2020 made a high of 394 and before that it made a low of 363 which was close to my support level. After marking the low of 363 it went up and made a high of 394 on the last day of the week. - Anticipated Happened. Elliott wave in theory and in practice is too difficult but you all can learn in my one month webinar, both theory and how to plot waves on charts. the details are given below, next batch starts from November. Education Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will

Nifty Anticipated Happened

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 Nifty hourly chart anticipated on 19th Sep 2020 Nifty hourly chart happened on 21st Sep 2020 I was bearish for Nifty when it was quoting at 11500+ and stated in my previous article that, " Nifty is all set to falter near till 11240-11200 levels over short term with immediate resistance placed at 11570(closing basis)." Nifty plunged below 10800 on the monthly Sept expiry but on the first day of the expiry week it entered in the price terrain of 11240-11200- Anticipated Happened. Here is the link of my previous article on Nifty click on it https://www.marketanalysiswithmeghmody.com/2020/09/nifty-elliott-wave-analysis_19.html Education Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will be conducted every twice in a week for around 2 hours. This theory can be applied on all free floating markets. In this course learn from basic to advance and the fees for the same will be Rs. 12,000/- Elliott and Neo Wave analysis is cond

MCX Silver Anticipated Happened

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 MCX Silver hourly anticipated on 19th Sep 2020 MCX Silver hourly happened on 21st Sep 2020 In my previous article on MCX Silver I had mentioned that, "  Silver is firmly bearish and can move down to test 61000 levels with resistance at 70100 (closing basis)." Prices slumped by over 9% on a single day and achieved my target of 61000 - Anticipated Happened Here is the link of my previous article on MCX Silver click on it https://www.marketanalysiswithmeghmody.com/2020/09/mcx-silver-elliott-wave-analysis.html Education Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will be conducted every twice in a week for around 2 hours. This theory can be applied on all free floating markets. In this course learn from basic to advance and the fees for the same will be Rs. 12,000/- Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be g

Coal India Anticipated Happened

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 Coal India hourly chart anticipated on 19th September 2020 Coal India hourly chart happened on 25th September 2020 In my previous article o Coal India dated 19th Sep 2020, I had mentioned that, " Coal India is negatively poised and can drag till 115-112 price zone over couple of weeks with resistance at 128 on closing basis." On 25th Sep, prices entered in the price zone of 115-112 levels which was my target, I was bearish from 123 levels in this stock.  Here is the link of my previous article about this stock click on it https://www.marketanalysiswithmeghmody.com/2020/09/coal-india-elliott-wave-analysis.html Wave Analysis is difficult but with practice and understanding by combining various tools and techniques it is easy to come out with fabulous results. I am going to take a webinar in October starting from 3rd which will be for one month, the details are mentioned below. Education Learn Technical Analysis in our 4 month course to help you to identify better trade setups.

Nifty Anticipated Happened

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 Nifty hourly chart anticipated on 12th Sep 2020 Nifty hourly chart happened on 16th Sep 2020 In my previous update, I had mentioned that, “ Nifty can move down to test 11350 it can be utilized as a buying opportunity with a support at 11290 and on the upside it can test 11600-11620 price zone .” Nifty made a low of 11383 and thereafter it made a high of 11618 which was price range mentioned last week, thus anticipated happened. Here is the link to my previous article on Nifty click on it. https://www.marketanalysiswithmeghmody.com/2020/09/nifty-elliott-wave-analysis_12.html Elliott Wave and other Wave theories is not simple to practice even though it is very simple in theory, but you can learn from me during this lock down in my one month webinar exclusively focused on Wave thoery and its practical application. This theory is a universal theory and can be applied on all free floating markets. Hurry, next batch starts from October 2020. Details are mentioned below. Education Learn T

Tata Steel Anticipated Happened

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Tata Steel Anticipated on  6th September 2020 Tata Steel Happened on 10th September 2020 In my previous update on Tata Steel, I had mentioned that, " Tata Steel is likely to falter till 410 followed by 400 in coming weeks. The stock is negatively poised and will correct to test its immediate supports." Prices made a low of 386 thus achieving my both the targets of 410 followed by 400 levels - Anticipated Happened. Here is the link of my Tata Steel Article click on the link https://www.marketanalysiswithmeghmody.com/2020/09/tata-steel-elliott-wave-analysis.html From Waves perspective I had mentioned that, prices are likely to correct in form of wave iv after completing wave iii in an extension. This wave on the downside is expected to be steeper in nature and so the fall has to be faster in comparison with time. Prices can down faster and marked a low of 386, this is how alteration (guidelines of impulse wave) works in impulse wave. Education Learn Technical Analysis in our 4

Motherson Sumi Anticipated Happened

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Motherson Sumi hourly chart Anticipated Motherson Sumi hourly chart Happened In my previous update I had mentioned that, Motherson Sumi if crosses   85 levels will give bullish break which can surge the price near till 100-105." Anticipated Happened I have been clear that it was moving in symmetrical triangle pattern and the breakout is likely to come in the north which it had and surged till 100 and crossed it too. I am sharing my earlier article on Motherson Sumi Link here click on it https://www.marketanalysiswithmeghmody.com/2020/05/motherson-sumi-elliott-wave-forecast.html Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be given for theory as well as practical application. The fees for it will be Rs. 10,500/-. Classroom training and webinars both are available. If you reside in Mumbai, classroom training is conducted in Vile Parle near station and Borivali Station. For inqu

SBI: Anticipated Happened and Elliott Wave forecast

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SBI hourly chart anticipated on 25th April 2020 SBI hourly chart happened In my previous update I had mentioned that," SBI will move down till 165 if the level of 175 is broken." I had also mentioned that triangle is in making which is exactly what has happened. Now it seems that prices are all set to surge as wave c is completed with five sub-waves in it after triangle pattern. Now fresh leg has started which will soar price till 175-180 levels over short term. Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be given for theory as well as practical application. The fees for it will be Rs. 10,500/-. Classroom training and webinars both are available. If you reside in Mumbai, classroom training is conducted in Vile Parle near station and Borivali Station. For inquiry and registration call +919324174580.

MCX Silver anticipated happened and Elliott Wave forecast

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MCX Silver hourly continuous chart anticipated on 31st March 2020 MCX Silver hourly continuous chart happened on 20th May 2020 In my previous update dated 31 st March 2020, I had mentioned that, “Silver is poised to move higher near till 49200-49300 levels with the support at 38900 levels. The bias is firmly positive for Silver over short to medium term.” On 20 th May it made a high of 49500, thus achieving my mentioned level of 49200-49300 when it was trading at 41000, gaining stupendous 20%- Anticipated Happened. Here is the link of my previous article on MCX Silver-  https://www.marketanalysiswithmeghmody.com/2020/03/mcx-silver-elliott-wave-forecast.html As per hourly chart, prices are expected to remain in a range of 46850-49400 after that there are high possibility to cross 49500 impressively which can soar prices till 50600 levels over short term. RSI has bounced from the oversold territory. From Wave theory, Silver is moving in wave iv of the impulse rally, It is likely to m